REPS MOVE TO PROBE ‘$18BN SPENT’ ON REHABILITATION OF REFINERIES

The Nigeria’s House of Representatives has resorted to probe money spent on the rehabilitation of the country’s refineries.

The House passed the resolution during plenary on Thursday following the adoption of a motion sponsored by a Lagos lawmaker, Sesi Whingan.

Whingan, while moving the motion, stated that the refineries in Port Harcourt, Warri, and Kaduna have remained non-functional after over two decades of rehabilitation despite billions of dollars spent on them.

He said Despite consistent annual budgetary allocations over the years, there is no verifiable evidence of substantial rehabilitation outcomes, representing a gross misuse of public funds and a betrayal of public trust.

According to him, the probe must examine the utilisation of all allocated funds and the effectiveness of rehabilitation efforts and identify any infractions, mismanagement, or corrupt practices in the management of the assets.